The vendor of a unit in Camelot By-The-Water, on Tanjong Rhu Road, created the best profit of $1 million on the week of Jan 28 to Feb 4. The seller consequently created a 18% gain, or an annualised gain of 1 percent over 12 decades.
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Situated in District 15, Camelot By-The-Water has been finished in 2000 and contains 99 units onto a 99-year leasehold. It’s a five-minute walk into the coming Tanjong Rhu MRT Station on the Thomson East-Coast Line, which is slated for completion at 2023.
The 2nd best advantage made within the week — a 102% gain of $984,705 — was Caribbean at Keppel Bay, together Keppel Bay Drive. The 1,421 sq ft unit on the first floor has been bought for $965,295 ($679 psf) at September 2005 and marketed for $1.95 million ($1,372 psf) on Jan 31. This usually means that the seller created an annualised gain of 5 percent over 14 decades.
Caribbean at Keppel Bay, in District 4, includes 969 units onto a 99-year leasehold. It was finished in 2004 and is a 10-minute stroll into Harbourfront MRT Station on the North-East and Circle Lines.
A unit offered at One Leicester, together Leicester Road in District 13, created the third biggest gain over the week, netting a 109% gain of $914,900 for the vendor. The seller consequently made an annualised gain of 5 percent over nearly 14 decades.
1 Leicester, finished in 2008, includes 194 freehold units. It’s a five-minute stroll into Potong Pasir MRT Station on the North-East Line.
On the flip side, the best loss incurred within the week was out of the resale price of a 2,185 sq ft unit in Marina Collection at District 4. Having sold the land for about $ 3 million ($1,373 psf) on Jan 31, the vendor endured a 31% reduction of $1.37 million. Within a holding period of seven decades, this translates into an annualised reduction of 5 percent.
Finished in 2011, it’s 10 minutes by car to Harbourfront MRT Station.